The gross domestic product ( GDP) of Shanghai's suburbs increased by 12.2 percent on a yearly basis to 95.7 billion yuan in the first ten months of this year.

According to recent statistics, the industrial output value of Shanghai's suburbs rose by 12.66 percent to 234 billion yuan, including 34.4 billion yuan from private enterprises.

The suburbs of Shanghai approved 560 foreign-funded projects in the ten-month period, involving contractual foreign funds of 1.1 billion US dollars.

The ratio of the state-owned enterprises, foreign-funded businesses, and private enterprises in industrial value has reached 5:3:2 in Shanghai's suburban area, said Fan Deguan, director of the municipal agricultural committee, adding that the value of foreign-funded and private businesses is expected to climb to 70 percent of the total industrial value. (Xinhua)